Tuesday, March 22, 2011

Startups are like jumping off a cliff and building an airplane on the way down.

So you managed to build a prototype, you’ve gotten some traction, and some credulous soul now wants to write you a check to bankroll your startup. How long will it last? Napoleon said that an army marches on its stomach. Well, a startup marches on its bank account, so kiss your startup dreams goodbye the day a zero stares back at you from your bank statement. But forewarned is forearmed: I’ve collected below some observations from our experiences during the past six months running a funded seed-stage startup.